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AUD/USD denying the bears and defending key support

FXStreet (Guatemala) - AUD/USD is trading at 0.8631, up 0.17% on the day, having posted a daily high at 0.8636 and low at 0.8614.

AUD/USD has found further support but this time in the form of business conditions in Australia reported by NAB in their October’s survey, and in fact, came as the largest monthly increase in the history of the survey. AUD/USD has been using 0.8620 as a key pivotal point on a number of runs and here it defends against a favoured greenback in today’s session.

AUD/USD noteworthy levels

With spot at 0.8631 next resistance comes at 0.8634 (Hourly 100 SMA), 0.8644 (Hourly 20 EMA), 0.8646 (Weekly Classic PP), 0.8690 and 0.8730. Next support to the downside can be found at 0.8611 (Daily Classic PP), 0.8564 and 0.8520.

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